Keep Network Price Up 45% In Upcoming Threshold Merger – The VR Soldier

Keep Network’s price is up over 45% today, making it the biggest gainer on Crypto.com. With a market cap of $570 million and a 24-hour trading volume of $898 million, it’s clear the crypto market is excited about KEEP. Let’s take a closer look at Keep Network and its KEEP token and see what it’s all about.

What is the Keep Network?

Founded in 2017, Keep Network is a privacy layer for the public blockchain. In other words, Keep allows private data to be used over public protocols without sacrificing privacy or confidentiality.

The Keep Network includes “Keeps,” which are off-chain containers that allow smart contracts to use private data without exposing it to the public.

What is the KEEP token?

KEEP is the network’s native token which is used to secure the network, earn fees for providing work, and a host of other functions.

The main selling point of KEEP is the high APY that users can receive in exchange for staking their tokens. At the time of writing, users can earn up to 21,792% APY.

Another selling point for KEEP is its tBTC Ethereum bridge. tBTC is an ERC-20 token tied to the value of BTC. tBTC allows users to access the DeFi ecosystem and earn staking rewards with their existing BTC.

Why does he keep raising prices?

The reason for KEEP’s recent pump is a recent average announcement about an upcoming merger with Nu Cypher – another project providing a privacy layer on the Ethereum blockchain.

Nu Cypher has its own token, NU, which also rose in price by more than 25% in the middle of the announcement.

The recent announcement outlines a two-month timeline that the community and team behind both projects will take in order to complete the merger.

There is no doubt that the merger announcement was a major factor in the recent rise of KEEP and NU. With a market capitalization of $500 million, there is plenty of room for KEEP to continue its bullish trajectory.

This is not trading or investment advice. Always do your own research when buying cryptocurrency.

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